Talent will be forced abroad due to 50p tax

Following the recent budget, where the Chancellor, Alistair Darling, announced that those on a certain level of income would be charged a new, higher tax rate, some industry officials have expressed concern that the new level of tax could end up forcing much of Britain’s talent abroad. Read more

Tags: higher taxes, 50p personal tax, switzerland, uk tax, chancellor, recent budget, tax hikes, 50% tax rate

Darling admits that he was too optimistic about the recession

Earlier this month the Chancellor of the Exchequer, Alistair Darling, boldly admitted that his initial predictions about the ongoing recession that has gripped the UK were too optimistic. Darling said that he had underestimated the recession, which he had originally predicted would be over by the middle of this year. In an interview with a leading national newspaper, the chancellor simply said ‘It’s worse than we thought’. Read more

Tags: contraction, recent budget, Late 2000s recession in Europe, chancellor, recession, Late-2000s recession